Home Page link  

CAn one have multiple portfolios is Quicken2007?

  
Groups | Search | About
User Password
Register Now! Lost Password?

Quicken Personal Finance Discussions - Quicken - personal finance software discussions

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
CAn one have multiple portfolios is Quicken2007? George Smith 03-05-2007
Posted by George Smith on March 5, 2007, 5:42 pm
Please log in for more thread options

        
Folks,

I have just switched, after 16 years, from Managing Your Money
(on a Mac), to Quicken on Windows. While there are several
things I do miss about MYM, the most irritating is that I cannot
find a way of having multiple portfolios in Quicken. The 'Help'
does not say anything about multiple portfolios. What I
would like to to have, for example, a portfolio for Mutual
Fund Co. A, one for B, one for Brokerage X, one for Y.
From what I see, Quicken has just one overall, single
portfolio in which there are 'Accounts', but one cannot
group securities into user defined portfolios.

One reason I would really like to do this is some mutal
fund companies (T. Rowe Price, for example) have a
separate account, with its own account number, for
each fund you own (unlike Vanguard which has only
one account within which one could have several
funds). When downloading data from T. Rowe Price,
Quicken set up an 'Account' for each individual fund
at T. Rowe Price and they ar all visible at the portfolio
level. I would prefer to avoid this clutter and group all
of them into a collective 'TRowePriceAcct'.

So I have two questions.

1. Is it possible to have mutiple portfolios in Quicken
2007? If so, how does one set them up?

2. How to take a set of 'accounts' in the portfolio
and group them into a single account?

Any help would be greatly appreciated as I am not
likely to get any from Quicken or Intuit. I now truly
admire Andrew Tobias and the MECA people for having
come out with something like MYM way back then. If
not for the hardware and software monkelying at
Apple, I would have continuted to use MYM.

thanks
gs

Posted by Porter Smith on March 5, 2007, 8:29 pm
Please log in for more thread options
>
> 1. Is it possible to have mutiple portfolios in Quicken
> 2007? If so, how does one set them up?
Isn't a portfolio just a view of your various holdings in various accounts?

Portfolio->Customize

Enter the name you want to assign to this view, then select the account(s),
securities and columns you want to include then click OK. The new view will
appear in the "View" menu


>
> 2. How to take a set of 'accounts' in the portfolio
> and group them into a single account?
>
I'm note sure what you mean here, but as I just wrote, you can set up a view
that includes multiple accounts. I have a view called "Retirement" that
includes my IRA and both my 401(k) accounts, but does not include my trading
account.

Posted by George Smith on March 5, 2007, 11:15 pm
Please log in for more thread options
On Mon, 05 Mar 2007 19:29:55 -0600, Porter Smith

>
>>

Thanks for the response.

>> 1. Is it possible to have mutiple portfolios in Quicken
>> 2007? If so, how does one set them up?
>Isn't a portfolio just a view of your various holdings in various accounts?
>
>Portfolio->Customize
>
>Enter the name you want to assign to this view, then select the account(s),
>securities and columns you want to include then click OK. The new view will
>appear in the "View" menu

This does not help at all. I have 5 separte accounts at T. Rowe Price
(5 different mutual funds) that I want to collapase them into just one
portfolio (okay, call it an account). What you suggested does not seem
to work. When I do the "Customise" bit, I get an "Account List" screen
and that does nothing to group the 5 mutual funds into one account.
I am still left with a clutter at the top level. What I want at the
top level are a bunch of portfolios (or, "accounts")
that that are independent of each other (as they have different
purposes) whcih may contain the same securities.

>> 2. How to take a set of 'accounts' in the portfolio
>> and group them into a single account?
>>
>I'm note sure what you mean here, but as I just wrote, you can set up a view
>that includes multiple accounts. I have a view called "Retirement" that
>includes my IRA and both my 401(k) accounts, but does not include my trading
>account.

I just mean how do I collapse the 5 T. Rowe Price accounts into just
one account which contains these 5 mutual funds.

This leads to larger questions. How do I keep my retirement accounts
(which include a 401-k and 2 mutual funds in two separte fund
companies) as a single "account" and keep all this separte from a
much more complicated retirement portfolio that my wfe has (which
includes two 403Bs, two separte IRA accounts and one brokerage
account)? I do not want to see details all the time ... I just want
the overall accounts (or portfolios, or whatever to be visible at
the top level.

I am not sure what happens if I create an account and say that
it is not an institution and enter securities into it. Will Quicken
"update" such accounts? I ended up with the unsightly clutter
I have by asking Quicken to contact T. Rowe Price and download
the account information. Perhaps that is not the correct thing to
do.

I am looking for a replacement to MYM which is (at the age of 16)
rather good at giving a picture of one's overall investments and
keeping track of them and displaying them in a meaningful way.
Perhaps, I should switch to software meant
for investors. I am aware of the many packages out there.
Perhaps Quicken was a mistake. I am begining to thing that this
is just a lot of eye candy that is nothing more a fancy cheque book
balancer. (And from the pathetic graphics I have seen so far, even
the candy is not quite up to scratch.)

thanks
sj

Posted by Porter Smith on March 6, 2007, 8:17 am
Please log in for more thread options

I don't understand what you want to do. First you say:

"I have 5 separte accounts at T. Rowe Price (5 different mutual funds) that
I want to collapase them into just one portfolio (okay, call it an
account)."

Then you say

"What I want at the top level are a bunch of portfolios (or, "accounts")
that that are independent of each other (as they have different
purposes) whcih may contain the same securities."


If MYM is better for your needs, then use it.


Posted by John Pollard on March 6, 2007, 9:42 am
Please log in for more thread options
George Smith wrote:
> Folks,
>
> I have just switched, after 16 years, from Managing Your
> Money (on a Mac), to Quicken on Windows. While there are
> several things I do miss about MYM, the most irritating
> is that I cannot find a way of having multiple portfolios
> in Quicken. The 'Help' does not say anything about
> multiple portfolios. What I
> would like to to have, for example, a portfolio for Mutual
> Fund Co. A, one for B, one for Brokerage X, one for Y.
> From what I see, Quicken has just one overall, single
> portfolio in which there are 'Accounts', but one cannot
> group securities into user defined portfolios.
>
> One reason I would really like to do this is some mutal
> fund companies (T. Rowe Price, for example) have a
> separate account, with its own account number, for
> each fund you own (unlike Vanguard which has only
> one account within which one could have several
> funds). When downloading data from T. Rowe Price,
> Quicken set up an 'Account' for each individual fund
> at T. Rowe Price and they ar all visible at the portfolio
> level. I would prefer to avoid this clutter and group all
> of them into a collective 'TRowePriceAcct'.
>
> So I have two questions.
>
> 1. Is it possible to have mutiple portfolios in Quicken
> 2007? If so, how does one set them up?

> 2. How to take a set of 'accounts' in the portfolio
> and group them into a single account?

I think the discussion will bog down unless we can eliminate the
term "portfolio"; it just doesn't fit your problem when looked
at from a Quicken viewpoint. The basic Quicken unit related to
your situation is the Quicken account: you can have as many
Quicken accounts as you like, but there is no such thing as a
"sub-account" in Quicken, so you can not lump multiple Quicken
accounts together and treat them as one account.

While Quicken accounts are normally intended to mirror
real-world accounts, it is possible to set up Quicken accounts
almost anyway you like ... unless you intend to download to
them. If you want to download, you have no choice but to have
your Quicken accounts setup as your financial institution
expects them.

When it comes to Quicken investment accounts; every one (except
a Single Mutual Fund account) can hold multiple securities.

Many financial institutions allow multiple securities in their
real-world accounts and will download transactions for the
multiple securities to a single Quicken account.

But some financial institutions require each mutual fund to be
in a separate real-world account and will only download
transactions for one real-world account to one Quicken account;
in that case you have no choice, if you want to download: one
Quicken account per fund.

In some cases, I believe, the financial institution will offer
the option to have one account per fund, or to have all funds in
one account: it's up to you to find out from your financial
institutions what they require, or allow.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Similar ThreadsPosted
Quicken2007 Recurring Error March 21, 2007, 9:39 pm
Multiple Returns? December 5, 2006, 4:07 pm
Multiple Users? March 6, 2007, 3:36 pm
Multiple Computer Installation February 24, 2007, 7:24 pm
multiple currencies in QuickBooks? May 8, 2006, 7:26 am
Multiple Corporate Spinoffs (Cendant) August 2, 2006, 9:53 am
Keeping track of multiple companies March 1, 2007, 10:46 pm
Copying multiple transactions from one file to another July 5, 2007, 3:15 pm
Multiple Invoices paid with one check September 7, 2007, 10:49 am
Spreading a expense over multiple months August 17, 2007, 5:51 pm

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap